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New queries, issue 4238

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12 January 2010

Issue: 4238 / Categories: Forum & Feedback

Retired couple’s tax credit claim; broadband costs of one-man company; ownership of limited company’s shares; pension contributions

Lost loss?

My wife and I both had part-time work in our retirement and I completed a joint working tax credit claim until our final joint retirement on 31 March 2009.

We sent the final annual 2008/09 review form TC603R on 7 May 2009 which amended the original working tax credit provisional income of £17 022 (based on 2007/08) to the actual figure of £11 987.

A ‘final tax credits decision’ for 2008/09 (TC602CE) was issued on 25 June 2009 giving us an additional working tax credit of £1 911.50 (I have the disability allowance).

We had a holiday cottage the income of which was included in the £11 987 as above. This was sold on 23 October 2009 and due to various factors there was a final loss of £1 808 for 2009/10 which was claimed against the 2008/09 income.

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New queries, issue 4238

© Copyright LexisNexis 2024. All rights reserved.

12 January 2010

Retired couple’s tax credit claim; broadband costs of one-man company; ownership of limited company’s shares; pension contributions

Lost loss?

My wife and I both had part-time work in our retirement and I completed a joint working tax credit claim until our final joint retirement on 31 March 2009.

We sent the final annual 2008/09 review form TC603R on 7 May 2009 which amended the original working tax credit provisional income of £17 022 (based on 2007/08) to the actual figure of £11 987.

A ‘final tax credits decision’ for 2008/09 (TC602CE) was issued on 25 June 2009 giving us an additional working tax credit of £1 911.50 (I have the disability allowance).

We had a holiday cottage the income of which was included in the £11 987 as above. This was sold on 23 October 2009 and due to various factors there was a final loss of £1 808 for 2009/10 which was claimed against the 2008/09 income.

The Tax Credit Office...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

Issue:

4238

Categories: Forum & Feedback [1]

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